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Lightning Round stock picks from Jim Cramer's Friday, May 12 Mad Money TV program. Click on a stock ticker for more analysis:

Bullish calls:

Tenaris (NYSE:TS): 'Oil piping is one of the hottest bull markets... I think TS is the best pipeline company in the show.'
Oregon Steel Mills, Inc. (OS)
PetroChina Co. Ltd. (NYSE:PTR)
Inbev (INB. BR)
Openwave Systems, Inc. (OPWV)
Microsoft Corp. (NASDAQ:MSFT)
: 'it was trying to do a little bottoming here today, and they do have $60 billion in cash... I would no longer sell MSFT, it's just too darn low.'
McDermott International (NYSE:MDR)
Crocs, Inc. (NASDAQ:CROX)
Foster Wheeler Ltd (FWLT)
Buhrmann NV (NASDAQ:BUR):
'Office Depot (NASDAQ:ODP) will probably buy Burhmann NV... normally on this show, we do not speculate on takeovers... but you need to take them seriously if Citigroup suggests this might happen.'

Bearish calls:

Powerwave Technology (NASDAQ:PWAV)
Petroleo Brasileiro (NYSE:PBR)
Sirius Satellite Radio (NASDAQ:SIRI)
Goldcorp Inc. (NYSE:GG):
'This is the first day down. I think you have to wait for a little more of a pullback.'
Pacific Ethanol (NASDAQ:PEIX):'Up - as of today - 300% in one year.'